Graduate Management Admission Council
72% goes to programs $0 to raise $100 Strong reserves
Graduate Management Admission Council is a 501(c)(3) organization based in Reston, Virginia, registered in 1999, with $67,401,273 in FY2024 revenue. CharityIndex grades it B+, and it directs about 72% of spending to programs.
11921 Freedom Dr Ste 300, Reston, VA, 20190 EIN 23-7084339 Since 1999
Revenue (FY2024)
$67.4M
▲ 5.7% vs prior year
Education median: $200K
Expenses (FY2024)
$74.2M
Net assets
$164.3M
Employees
133
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating72% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Graduate Management Admission Council: 72% to programs · $0 to raise $100 earns a B on this criterion. See the exact thresholds →
C+Financial health25% of the rating27 mo reserves · -10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Graduate Management Admission Council: 27 mo reserves · -10% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Graduate Management Admission Council: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Graduate Management Admission Council: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To create a world where every person can benefit from the best business education for them.
What they do
Other educational services for schools and gme candidates: including but not limited to, mba.com, gmac.com, professional development and events, and discovery and engagement solutions.mba.com: gme candidates are provided a rich portal via www.mba.com, where they can learn about the benefits of graduate management education and how to further their career journey. on the site, there are myriad opportunities to assist them with preparing for their applications, registering for exams, connecting with schools and accessing free and paid test preparation materials. (see schedule o)gmac.com: business school and higher education professionals can access a wealth of information via gmac.com, including market intelligence, insights and analysis, white papers, news digests, newsletters, assessment resources, and tools to help them sharpen their skills, be abreast of trends and tap into information and services specifically for gme professionals.professional development and events: gmac provides essential professional learning and development opportunities for admissions professionals and other business school leaders, including convening global education conferences, workshops, training, seminars, school events, webinars and more, both virtual and in-person.discovery and engagement solutions: gmac helps schools reach the largest qualified, global candidate pool interested in pursuing an mba or business master's degree through data-driven marketing, tours and content services.
Research: gmac research provides data-driven market intelligence and insights for the graduate management education community. areas of focus include analysis of graduate management candidate test takers, application trends, corporate recruiting outlooks, alumni perspectives, and global and regional trends in areas of programs, diversity, talent mobility, and psychometric validity. research directly supports and enables gmac member schools and the graduate management education community with interactive and custom reports and provides insights that enable two-way discovery between schools and candidates. more information can be seen at https://www.gmac.com/market-intelligence-and-research.
Contact & location
- Address
- 11921 Freedom Dr Ste 300, Reston, VA, 20190
- City
- Reston
- State
- Virginia
- Category
- Education
- Subcategory
- Educational Services
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $94.5M (FY2013) to $67.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $25.7MNet assets $164.3M
Operating margin
-10.1%
Spent more than it raised in the latest fiscal year.
Total assets
$190.0M
Total liabilities
$25.7M
Net assets
$164.3M
Salaries & benefits
$26.9M
36% of expenses
Board members
16
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $67,401,273▲5.7% | $74,216,291▲0.4% | $164,277,749▼0.2% | $189,989,204▼0.6% | 990 |
| 2023 | $63,740,699▲1.1% | $73,947,044▲6.2% | $164,575,689▲1.2% | $191,084,951▼0.1% | 990 |
| 2022 | $63,026,606▼18.3% | $69,629,243▲3.5% | $162,686,834▼19.0% | $191,283,214▼16.9% | 990 |
| 2021 | $77,127,681▲6.1% | $67,246,312▼11.6% | $200,747,973▲9.5% | $230,212,828▲1.4% | 990 |
| 2020 | $72,686,376▼23.8% | $76,079,385▼24.8% | $183,270,522▲4.8% | $227,111,983▲11.4% | 990 |
| 2019 | $95,385,559▼1.6% | $101,133,934▲6.0% | $174,894,057▲6.4% | $203,899,196▲6.7% | 990 |
| 2018 | $96,959,120▼0.4% | $95,373,780▲1.7% | $164,330,042▼4.1% | $191,024,106▼4.4% | 990 |
| 2017 | $97,364,259▲0.1% | $93,741,624▲1.4% | $171,271,601▲8.8% | $199,717,784▲10.0% | 990 |
| 2016 | $97,292,315▼3.9% | $92,409,065▲5.4% | $157,352,702▲6.7% | $181,576,795▲4.1% | 990 |
| 2015 | $101,222,303▲8.6% | $87,658,778▼0.2% | $147,449,277▲5.1% | $174,443,732▲0.9% | 990 |
| 2014 | $93,211,842▼1.4% | $87,859,017▼2.7% | $140,336,157▲6.7% | $172,811,397▲7.9% | 990 |
| 2013 | $94,522,280 | $90,263,101▼12.1% | $131,571,736▲4.3% | $160,158,007▼0.7% | 990 |
| 2012 | — | $102,745,123▲11.9% | $126,147,324▲4.3% | $161,235,223▲7.0% | 990 |
| 2011 | — | $91,822,965▲0.4% | $120,893,210▼1.0% | $150,727,729▼1.7% | 990 |
| 2010 | — | $91,476,036 | $122,091,170 | $153,350,580 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Joy Jones — $809,629 (1.09% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Joy Jones | Chief Product Officer & General Mgr. | 40 | $809,629 |
| Jennifer Martin | Cfo & Corporate Secretary | 40 | $472,267 |
| Ashish Bhardwaj Sr Vp Head | ,market Development (end June 2024) | 40 | $447,771 |
| Kevin Lefew | Chief Technology Officer | 40 | $430,778 |
| Sabrina White | Svp School & Industry Engagement | 40 | $399,634 |
| Adam Witwer | Chief Product Officer | 40 | $378,380 |
| Ashok Sarathy | Vp, Assessments | 40 | $371,609 |
| Sarah Bennett | Chief Marketing Officer | 40 | $347,430 |
| Kyungtyek Han | Sr Dir, Psychometrician | 40 | $270,649 |
| Robin Everett | Vp, Legal (end Aug 2024) | 40 | $267,345 |
| Danielle Boland | Managing Dir, Enterprise Products | 40 | $261,238 |
| Ana Kyper | Sr Dir, New Product Development | 40 | $248,728 |
| Ana Maria Zermeno Padilla | Director | 1 | — |
| Anthony Wilbon | Director | 1 | — |
| Bruce Delmonico | Director | 1 | — |
| Catherine Duggan | Director | 1 | — |
| Curtis Ferguson | Director | 1 | — |
| Francois Ortalo-magne | Director | 1 | — |
| Giuseppe Soda | Director | 1 | — |
| Isabelle Bajeux-besnainou | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Design Systems International | Technology Consulting | $905,500 |
| Cliftonlarsenallen | Audit and Tax Services | $193,277 |
| Qualtrics LLC | Technology Consulting | $182,826 |
| Tyton Partners Capital Markets | M&a Consulting | $150,000 |
| The Xela Group | Technology Consulting | $136,710 |
Grants made · $219K in FY2024
5 grants totaling $219K in FY2024. All grants made by Graduate Management Admission Council →
| Recipient | Purpose | Amount |
|---|---|---|
| Phd Project Association | Support and promotion of graduate management education and associated research | $75,000 |
| Aacsb International the Association To Advance Collegiate Schools of | Support and promotion of graduate management education and associated research | $66,327 |
| The Forte Foundation | Support and promotion of graduate management education and associated research | $50,000 |
| Executive Mba Council Grad School of Bus Columbia Univ | Support and promotion of graduate management education and associated research | $20,000 |
| Global Business School Network | Support and promotion of graduate management education and associated research | $8,000 |
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Frequently asked questions
- Is Graduate Management Admission Council a legitimate nonprofit?
- Yes. Graduate Management Admission Council is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7084339, based in Reston, Virginia. Donations are tax-deductible.
- What is Graduate Management Admission Council's EIN?
- Graduate Management Admission Council's Employer Identification Number (EIN) is 23-7084339.
- How much revenue does Graduate Management Admission Council report?
- Graduate Management Admission Council reported $67,401,273 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Graduate Management Admission Council's spending goes to programs?
- Graduate Management Admission Council spends about 72% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Graduate Management Admission Council have?
- CharityIndex grades Graduate Management Admission Council B+, based on program efficiency and fundraising cost.
- How much does Graduate Management Admission Council's highest-paid employee make?
- The highest reported compensation on Graduate Management Admission Council's latest Form 990 is $809,629, paid to Joy Jones (Chief Product Officer & General Mgr.).
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Data for Graduate Management Admission Council (EIN 23-7084339) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.